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CHINA BIG DIP analysis + TENCENT (e-commerce, fintech, gaming)Hello Traders, Investors and Speculants :), You probably heard about Tencent holdings investment group.: These days you can hear some Fundamental analysis about Naspers / Prosus tranfer (spin-off) from South Africa exchange to Amsterdam. Many super-investors (value investors) like Guy Spier / Mohnish Pabrai are most likely increasing their position in Tencent directly or via Prosus shares. ++ others are buying CHina stocks // Charlie Munger = BABA, Ray Dalio increasing positions, Nitin Saigal fully invested in China ...). So Why would you need another analysis if they are alredy buying? This thread will be purely my opinion about oportunity for Buying into Tencent and many China located gigants + why I think, we are near the temporary bottom of correction = of Wave A !! If you look at biggest China companies, almost all of them reached All-Time-High from November 2020 till February 2020 = Potential TOP of China growth-tech bubble. (this time it could be e-commerce, finTech, Gaming companies + Crypto of course...) Lets take a look at few of them, this thread will continue in comments so stay tuned. TENCENT as one of biggest Chinese companies (acting more like ETF based on around 700 holdings). AliBABA KWEB - China internet ETF MEITUAN (Btw biggest Tencent position) SEA Limited: NIO: Whats interesting even some Non-China Fintech companies reached their ATH around this time like StoneCo (Brazil).: SOuth America - Mercado Libre - MELI: While in the US, Covid related restrictions and fear of investors was probably slightly delayed by several Months: is still near thSPX, AMZN, and other FAANG ggants are still near ATHs, some of the FinTech and e-commerce companies start to fall. PAYPAL: SQuare: Conclusion + Investment Thesis: 1) Be very carefull with catching the falling knife. Wait for pure Buy signals and signals of reversal at least at 3D/1W charts. Also consider buying only with very good RRRatio + clear setup. 2) China could be very good oportunity for short term BUY-LONG setups when you will be able to count all subwaves of Wave A but still be very carefull. (Around 1-3 months from now). 3) US and western - world conutries will probably continue to fall in dozens of % DOWN. (US is delayed, it could take around 3-6 months to reach bottom and point of maximum fear of retail and small VC investors.) Patience folks, patience.
OTC:TCEHYShort
by LongevityContrarian
3
Short and Long +150%The stock has already unloaded enough, but the closest support is only around $57-60. Overall, this is not a good time for Chinese ADRs. Therefore, for the time being, fall until the situation improves, then rebound from the support zone to $130. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast
NYSE:BABAShort
by QuantumLabSignals
5
CHINA COMPOSITE INDEX China and future expansion. BTCWho doesn't understand what this Chinese index is. The SSE Composite Index is one of the most important indices in Asia. The SSE Composite Index has been calculated by the Shanghai Stock Exchange since 1990. The SSE Composite Index includes shares of all companies listed on the Shanghai Stock Exchange in lists A and B. Conventionally all these companies can be divided into several main sectors: finance, materials, production, energy, food products, health care and telecommunications. The financial sector is the undisputed leader, followed by companies in the manufacturing sector. The SSE Composite is an excellent barometer of the Chinese economy because it is calculated on the basis of daily share prices. The chart has a large timeframe of 1 month. A huge symmetrical triangle with a base of about 470% has formed on top of the trend. At the moment the index value is cornered with minimal volatility, we are in the final phase of forming the figure. Soon there should be a decoupling, perhaps a "steam down" before a new run. 13 . It is worth noting that the Paralympic Winter Games in China end on March 13. Perhaps after they are over, China and not only (it is first of all) will move to intensify its "military exercises" and statements. Recall, 20 02 2022 (22222) ended the Winter Olympic Games in China (not the Paralympic), and 24 02 2022 Russia (unofficially with Belarus) began a sharp phase of exercises in Ukraine. In fact, the launch and preparation of the "non-exercise" began 22 02 2022 (222222). China may repeat it and it will naturally have a very strong effect on its indices and economy. Bitcoin will react very strongly for obvious reasons. The wealth of the Chinese is not comparable to that of the Russians. Also note how the head and shoulders were formed before the triangle began to form. Which has a very strong resemblance to the price formation on the BTC/USD pair at the moment (July-March). Make a comparison. Then, as you can see, there was just a vertical increase in the index (the Chinese economy) by a fantastic 470% from quite high values initially. That's the kind of thing few people expected at the time. The comparison with bitcoin and the former index values before the vertical rise of 2005-2007 is just an observation no more, but very illustrative. BTC/USD Main Trend. Timeframe 1 month. Notice what zone the price is in now. BTC/USD Now 07 2021 - 03 2022 Timeframe 1 week. CHINA COMPOSITE INDEX Timeframe 1 month. Comparable area before a fantastic vertical rise of a huge percentage. CHINA COMPOSITE INDEX Projection of achieved index targets to potential targets with the same % on BTC/USD
C
by SpartaBTC
4
GXC... perhaps it is timeSo, the double tailed candles on the weekly chart only resulted on a week of downside, but the second week proved resilient. The daily chart shows the spike down blowout and the immediate recovery. This indicates very strong support at about 98-100. The new interim support at 102 is holding too. Now, I expected the lack of liquidity and sentiment to push lower, accentuated by the Chinese New Year absence of market participants. But this appears to be a subtle bullish hint that once the two week holiday is over, this dragon will fly... am expecting a test of the daily 55EMA, maybe even popping over the resistance (white line). Daily technicals are supportive.
AMEX:GXC
by Auguraltrader
JD is still strong for longI’ve been watching this company for a long time, and even have long position at the price of 65.6. JD.com made clear impulse up by Feb 2021 after which it began to decline. At the moment, the entire decline after ATH I can count as zigzag ABC, where B is triangle. From level 61.65 (+ reaction from 50% Fibo level) the price formed leading diagonal plus ABC correction. After that, the price bounced again and met resistance in the middle of the channel formed by the previous waves. BTW, what is interesting - JD didn’t show us a fairly strong decline while NASDAQ index corrected well down. So, for now I have 2 scenarios: 1. At the main scenario, I think that the price has formed wave 1 of (3) and expect further upward movement from the channel and extension of the waves. 2. But I also consider an alt. scenario in which wave (2) isn’t completed yet and price want to form wave X (as ZZ) of a double zigzag WXY. In fact, it confuses me that wave (2) ended so quickly and perhaps the price will meet good resistance at the border of the channel. I’ll watch the volumes and further price action near resistance zone (92.6 - 94.5).
NASDAQ:JDLong
by Ewangilist
1
BABA Bear Pattern Break upBABA has been battling at the 131.5 level on the daily. It is currently in a long pattern coming from the downside, but has been basing up currently. Has some resistance overhead around the 138 level, which if broken can target 140, 143, 148 and finally a gap fill to the 160 region. If BABA can hold the 131.5 close on the daily for the next few days (as well as the overall market and HSI holding up as well!) and if it can break that 138 level. I would target the above ^. 02/18 140c would work with targets as listed above. Invalid with close < 131.5 on the daily. Terrible timing with market OPEX coming up and FED tightening of policies. Never fight the FED. If they're hinting at "risk off" then all stocks - no matter the pattern - will sell off.
NYSE:BABA
by SenesTrades
Nio Stabilizes After a Year of LossesNio had a massive run during the worst of the pandemic, followed by a year of pullbacks. Now the electric-car maker could be stabilizing at a key level. First consider the price area near $28. NIO consolidated around that level in October 2020 before proceeding to more than double. Now that zone is providing support. Second, consider the high-volume surge on December 30 as yearend buyers stepped in. Notice the slightly higher lows on either side of that candle, which produced an inverse head and shoulders. Next, the December low was near a 61.8 percent retracement of the original rally in 2020. Finally, the new year has seen a rotation toward global stocks and weak-dollar plays as the market accepts the hawkish Fed. That shift could also help NIO. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:NIO
by TradeStation
5
$BABA - Weekly TF analysisAli Baba holdings looks to be at historic levels...it has completed a 5 wave move from 2015 to 2020 and has now retraced 61.8% of that move in a 5 wave impulsive move down. This is a great place to add some Chinese e-commerce exposure for the long term with weekly RSI having been oversold in sept and now forming a higher high as price formed a lower low. With a a low to trade against, the R:R here is fantastic, with downside risk at 108.70 and upside targets is 175 and 240.
NYSE:BABALong
by ir-rizzle
NIO Day 2021: Here's Everything You Need to KnowThe new vehicle targets Model 3. NIO held NIO Day 2021, its most important annual event, today in Shanghai's neighboring city of Suzhou to unveil the company's future plans and the highly anticipated new sedan, the ET5. The following is a live text update from CnEVPost based on content obtained at the event. William Li, founder, chairman and CEO of NIO, began by unveiling the company's plans for global expansion, saying NIO will enter Germany, the Netherlands, Sweden and Denmark next year. The company has already entered Norway, NIO's first stop in overseas markets, and opened its first overseas NIO House in Oslo in October. NIO aims to serve users in more than 25 countries and regions worldwide by 2025, Li said. NIO plans to have more than 1,300 battery swap stations, more than 6,000 supercharging piles and more than 10,000 destination charging piles in China by the end of 2022. NIO has provided more than 5.5 million battery swap services to customers, an average of 20,000 services per day. NIO announced the launch of Clean Parks, an ecological co-building program, and will invest CNY 100 million over the next three years to support the use of electric vehicles and the construction of clean energy infrastructure in nature reserves around the world. NIO's flagship sedan, the ET7, which has over 20 new features and enhancements in production, will begin locking in orders on January 20, with deliveries starting on March 28. The company's new mid-size sedan, the NIO ET5, was officially announced, featuring NIO's supercar DNA and a concept designed for autonomous driving. The length, width and height of the NIO ET5 are 4,790, 1,960 and 1,499 mm respectively, with a wheelbase of 2,888 mm. The ET5 is NIO's first model with an all-glass roof and is available in up to nine body colors. It is equipped with the same LiDAR configuration as the NIO ET7, with the component placed on the roof. The ET5 comes standard with NIO's super sensing system Aquila, as well as the super computing platform ADAM and frameless electric suction doors. NIO's latest autonomous driving technology, NAD (NIO Autonomous Driving), will also be available on the ET5. The full functionality of NAD will be available in a monthly subscription model, ADaaS (AD as a Service), with a service fee of CNY 680 per month, which will be provided gradually upon completion of development and validation. The interior of ET5 is similar to that of NIO ET7, providing an instrument screen as well as a central control screen. The lighting effects inside the car can follow the rhythm of the sounds. The ET5 will be equipped with AR/VR technology, and NIO has developed exclusive AR glasses with Nreal, an AR manufacturer invested by NIO Capital, which can project a 6-meter vision distance. NIO has also developed NIO VR glasses, the world's first automotive-specific high-performance VR device, in collaboration with NOLO, a VR technology company invested by NIO Capital. The ET5 uses a dual-motor intelligent four-wheel drive system with a 0-100 km/h acceleration time of 4.3 seconds and a braking distance of 33.9 meters from 100 km/h to zero. The ET5 with a 75kWh standard range battery pack has a CLTC range of over 550km. The ET5 with the 100kWh long range battery pack has a range of over 700km. The ET5 with the 150kWh extra-long range battery pack has a range4 of over 1,000km. The ET5 with the 75kWh battery pack is priced at CNY 328,000 before subsidies and CNY 386,000 for the 100kWh battery pack version. Consumers who use NIO's battery rental service BaaS will see the pre-subsidy price of the ET5 with the 75kWh pack reduced by CNY 70,000 to CNY 258,000, with a monthly battery rental fee of CNY 980. Under BaaS, the pre-subsidy price of ET5 with 100 kWh battery pack will be reduced by CNY 128,000 to CNY 258,000, and the monthly battery rental fee will be CNY 1,480. The NIO ET5 is available for pre-order now and will open for delivery in September 2022. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:NIO
by EqualOcean
JD.com's Healthcare Unit Prepare for Next Battle Affected heavily by recent technological advancements, the sector may soon attract Chinese regulators' attention. Background 2021 turned out to become a positive year for China's healthcare industry, where the gigantic demand stems from the aging population, growing individual wealth, and – more importantly – the COVID-19 crisis' aftermath. The market has grown consistently; in 2020, the growth rate slumped to 7.2% due to the massive lockdowns, although it is expected to rise back to 17.6% in 2021 with a total market size of CNY 8.7 trillion. Despite this, the market remains relatively undeveloped – since 2016, the Chinese authorities have been working on creating a CNY 16 trillion healthcare ecosystem by 2030. Online healthcare is in the limelight The pandemic challenged people's sense of well-being and facilitated their desire and determination to become more active and engaged in managing their health, which also boosted the need for remote medical consultations and online medicine sales. According to Deloitte, the portion of consumers who have used virtual visits rose from 15% to 19% from 2019 to early 2020, then jumped to 28% in April 2020. In fact, consumers plan to continue using the – 80% of the Deloitte survey respondents are likely to keep using other online services even post COVID-19. Jessica Tan, co-CEO of Ping An Group, once said that around 20% to 25% of healthcare services in China could be moved to the online space. This will present new opportunities to the most competitive businesses in this field. Among these, JD Health (6618:HK) and Alibaba Health (0241:HK) are two tech giant-backed companies that have ridden this surging wave quite well. The latecomer, JD Health, is moving really fast – only four months' independent operation since May 2019 before it filed a public offering. In August 2020, JD Health ranked 35th on Hurun Global Unicorn Index 2020 with a valuation at CNY 50 billion, which crowned it as the world's youngest unicorn. Different from traditional platforms, JD Health has established various online and offline integrated businesses, including JD Pharmacy, JD Health Internet Hospital and Pharmacy Alliance. How does JD.com compare in healthcare endeavors? Financial performance In September 2021, JD Health released its interim financial report with relatively strong results. Its total revenue increased by over half (55.4%), from CNY 8.8 billion in H1 2020 to CNY 13.6 billion in H1 2021, which was primarily due to the increase in revenue from sales of pharmaceutical and healthcare products within the reporting period. In fact, this continuous upward trend also shows in its gross profit for the past four fiscal years, although the loss enlarged even further in 2020 when compared with the previous years. Another catalyst for the growth could be the increase in JD Health's number of Annual Active User (AAU) accounts. As of June 30, 2021, the AAUs in the past 12 months reached 109 million, representing a net addition of over 18.8 million as compared with that of 2020. The growing number also shows that the stickiness of users has been well improved as well as its brand awareness. In other words, JD Health's constant investment in marketing activities – its selling and marketing expenses almost doubled for two consecutive fiscal years – finally began to work. JD's supply chain infrastructure casts its core barrier Although JD Health is relatively inferior to its competitor in terms of annual active users – 109 million as of June 30, 2021 – JD Health's revenue is all the way higher than that of its closest competitor, Alibaba Health, more specifically, the revenue as nearly two times higher. One booster is its complete business structure. Integrating B2B/B2C/O2O businesses, JD Health can have more wings – for example, along with the retail pharmacy, JD Health also offers its own family doctor services, online hospital services as well as smart healthcare solutions. Through the integration of pharmaceutical retail businesses and online healthcare services, the medical products users also become target customers for other consumption healthcare units, and vice versa; a closed cycle hence is developed and can also be seen in its ever-growing operating income at a CAGR of 11%. JD Logistics is another catalyst supporting the healthcare unit's strong performance, being one of the leading supply chain players in the field of medicine now. Through JD Logistics, JD Health is able to connect with upstream, midstream and downstream enterprises: from industrial enterprises and healthcare institutions to offline pharmacies and dental clinics. This absolute advantage over comparable companies enables JD Health to further cut its fulfillment costs to around 10% of total revenue, which is related to warehousing, logistics and customer service expenditures incurred by the self-operated pharmaceutical business. Future in the mist The future won't be easy for both Alibaba Health and JD Health, as the competition is intensifying. Except for the 'peer pressure,' some inherent problems exist in the essence of most healthcare services – those are mainly related to professionalism, trust and quality. It is partly because of the particularity of healthcare services and pharmaceutical drugs along with the recent market chaos, the government has tightened supervision increasingly, more than ever before. Rory Green, a China economist at TS Lombard, said that the healthcare sector is the only one not hit by regulatory scrutiny yet but is particularly vulnerable, which may possibly make it the next target. For the full article with the charts, please visit the original link.
HKEX:6618
by EqualOcean
CWEB Weekly Options PlayDescription CWEB has been working it down from its ATH since FEB of this year, and has gotten stopped up in the congestion pattern. I have been watching it to pick a direction to enter a position and it looks like it finally has broken to the downside. I have been using Long Puts in all my short positions because I do not want to cap my downside potential to leave it open for fat tail scenarios in the current market environment. Call Debit Spread Levels on Chart SL > 17.5 This level marks an all-time low in the security. *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/17 16P R/R & Breakevens vary on fill. The long call is placed ATM for highest chance of profit at expiration. 12/17 is all I'm willing to go with for expiration because I do not want to pay the extra premium to push it out to January. Manage Risk Only invest what you are willing to lose
AMEX:CWEBShort
by BarnardR
China Evergrande Defaults! Now What?China Evergrande, the second-largest real estate developer in China, has been narrowly dodging default for months. The Company has more than US $300 billion in debt that, as it warned the market back in September, it believed would be difficult for it to service. (As an aside, it is believed that China Evergrande could have an additional US $150 billion in debt, off its official financial books). Put simply, the cash flow of the Company, severely dampened by the cooling Chinese housing market, is not enough for it to service interest payments to those from which it borrowed funds, typically in the form of interest-bearing corporate bonds. One such unlucky purchaser of China Evergrande corporate bonds, among others, are off-shore investors. Off-shore bondholders will likely be the least prioritised of the Company’s investors when receiving interest payments or reparations. China Evergrande defaults! Perhaps fortuitously, it was the failure by China Evergrande to make interest payments to this very group of investors that prompted Fitch Ratings to upgrade the Company’s status to “restricted default” on December 9. Interestingly, China Evergrande is the twelfth Chinese real estate firm to default on bonds in 2021, and by far the largest to do so. Now what? Other rating agencies, such as Moody’s and S&P Global, have not been so quick to upgrade their status of China Evergrande. However, S&P Global has noted that China Evergrande’s default is “inevitable”. China Evergrande themselves seem to be ignoring public comment on its failure to meet its obligation, nor has it ceased operations or begun any formal paperwork to address its potential bankruptcy. China Evergrande is currently under restructuring while attempting to continue operations as usual. The restructuring includes renegotiating its liabilities and offloading non-construction arms of the Company at bargain prices such as its property management business, as well as stakes in a major Chinese bank and (strangely enough) a streaming services. Pressure is being applied to the Company’s leaders to speed up its restructuring since the change in its Fitch rating. According to Bloomberg, the China Evergrande restructure is being heavily monitored, if not outright controlled by Chinese Authorities in Beijing and the Company’s home province of Guangdong. Right now, the official line from the Central Bank of China is that the China Evergrande crisis is being handled as per the “principles of marketization and rule of law,”. If more rating agencies follow Fitch Rating in the coming weeks, China Evergrande could slip into something a little more serious than restricted default and the above quote may become a little truer, with Chinese authorities being hamstrung in their ability to interfere with a meltdown.
HKEX:3333
by BlackBull_Markets
Dada Nexus' Q3 2021: Expansion ContinuesSome improvement in financials was accompanied by new product initiatives. Amid the recurrent waves of COVID-19 restrictions in China, on-demand retailing, which combines online experience and offline channels, is acting as a stabilizer in the consumer goods industry. Once tried, more people are choosing to stick to O2O-based consumption. According to an iResearch report (link in Chinese), the total GMV of China's local on-demand retail market is estimated to be set to expand at a 62% CAGR between 2020 and 2024. In this transition era, some companies are seizing the emerging opportunities to create massive market value. Dada Nexus (DADA:NASDAQ), a firm operating on-demand delivery and retail platforms in China, is one of them. According to its latest unaudited quarterly financial results, in Q3 2021, Dada continued rapid business expansion, while growing its customer base. This article analyzes the company's recent financials and provides a look into its key moves and initiatives. Net revenue growth accelerates, with narrowing losses In the three months preceding and continuing into September 2021, Dada's net revenue growth inched up from the previous quarter's +81.3%, recording an 86% year-on-year increase. (The company's revenue recognition model was changed in April 2021.) JDDJ, Dada's local on-demand platform that connects retailers and brand owners directly with consumers, has been performing exceptionally so far in 2021. GMV of the platform grew by 74.6% year-on-year, while its user base experienced a steady increase, reaching over 50 million and almost doubling from Q1 2020. In this quarter, Dada's non-GAAP net loss was CNY 450.10 million; yet the company has achieved the earlier set goal of narrowing down this figure – it declined by almost one-fifth from CNY 549.20 million in this year's second quarter. Meanwhile, the operating profit margin improved by more than 16% year-on-year (aligning Dada Now's last-mile delivery revenue to a comparable basis). Dada Now and JDDJ: old and new developments Dada Now, an open on-demand delivery platform serving merchants and individuals, has achieved a 90% growth in net revenue year-on-year, mainly driven by a shored-up order volume of intracity delivery services to chain merchants. As disclosed during the company's earnings call on November 23, Dada Now's merchants increased by 110%, and revenues from supermarket key accounts rose by over 90% year on year. The platform also managed to deliver a 90% growth in the number of active SME merchants. While expanding its user base, the platform has also been making efforts to provide its merchants with tools to improve business efficiency and boost their online sales. For example, new geo-fencing functions were added to the on-demand delivery system, allowing merchants to determine the delivery area effectively with no additional costs. Besides, in November, the company launched logistics SaaS Dada Smart Delivery, a system assisting merchants and third-party delivery service providers with "managing orders, dispatching and routing for omnichannel on-demand orders," according to Dada's executives. Empowered by strengthened cooperation with JD.com, a unified brand called Shop Now, or Xiaoshigou, was released. This is another attempt to allow users to access on-demand services via various channels within the JD ecosystem – it is considered by Dada as a way to increase its penetration rate among the e-commerce platform's vast user base. During China's now-traditional 'Double 11' shopping festival, JDDJ achieved a 100% year-on-year boost in GMV on November 1-11, 2021. As a result, net revenues from this platform added up to CNY 1.10 billion, up by 84% from the last year. According to Beck Chen, the company's CFO, the uplift was caused by raised GMV and average order size, which hit CNY 194 this time. In this year, the platform has developed partnerships with multiple big names in various sectors. Specifically, in the supermarket segment, JDDJ has already partnered with 82 out of China's 100 largest supermarket chains; in the smartphone sector, cooperation was established with Samsung and Honor, while JDDJ's total sales figure on the launch day of the iPhone 13 was seven times higher than that on the iPhone 12's launch day. The company's efforts also empower the industry, specifically in the online marketing space: in this quarter, a program named Super New Product Day was launched to assist retailers with product promotion. Risks to watch Dada's cross-functional cooperation with JD.com is highly beneficial to the idea of developing a leading national brand for on-demand services. Yet, it is not the only tech giant-backed O2O platform aiming to fulfill the growing demand in the industry. The competition is poised to further intensify, with e-commerce and local services companies leveraging their 2C prowess. As of September 30, 2021, Dada's cash & equivalents figure was at CNY 1.55 billion. Adding up the firm's restricted cash and short-term investments, the total volume was around CNY 3 billion. This drop in the cash position was, among other factors, due to the USD 150 million repurchase program announced in June; the plan was almost completed as of October 31, 2021: USD 130.6 million in ADSs had been repurchased by that date. At a glance Dada Nexus has improved its operating and marketing efficiency, as the narrowed ratios of O&S and S&M costs over the net revenue suggest. Its revenue, meanwhile, keeps growing. Despite that China's overly competitive on-demand delivery and retail space might keep the company's margins below zero for another few quarters, the company's prospects look rather promising: after all, Dada is a growth-stage firm in a market that some projects will swell at high double digits in the following years. For the full article with the charts, please visit the original link.
NASDAQ:DADA
by EqualOcean
Largest Layoff in iQIYI’s HistoryGong Yu, CEO of iQIYI, said, 'the focus now is to increase revenue and reduce expenditure, cut down inefficient businesses and projects, and increase and try new monetization opportunities.' On December 1, iQIYI carried out a round of large-scale layoffs. According to many laid-off employees, almost all employees in some departments have been laid off, and even profit-making departments such as content and intelligent hardware. According to the news, the details of iQIYI's layoffs are as follows: 1. The purpose of this layoff is said to accelerate the pace of profitability, focus on content, technology, cost management, and flat structure. Therefore, in this layoff, more middle-level (director level) were laid off. 2. Budget shrinks: Almost all employees without probation are among the layoffs. iQIYI Research Institute, iQIYI game center, and other departments have almost all been laid off. Short video products will be merged with other products, and only 40% of people can stay. Employees who are laid off will receive N+ 1 compensation and can leave after handing over their work. 3. iQIYI intelligence (including VR and other products) also has a layoff proportion, but it is relatively low compared with the spending department. The ratio of layoffs in the content department is about 30%. The principle is to retain only low-cost employees for positions with the same responsibilities. 4. Many senior employees call this layoff 'the largest layoff in iQIYI's history,' and this round of layoffs is not over. Many people will be laid off before and after the Spring Festival. iQIYI's Q3 2021 financial report showed that the company achieved a revenue of CNY 7.6 billion during the reporting period, with a year-on-year growth rate of 6%; The net loss was CNY 1.7 billion, an increase of 42% year-on-year.
NASDAQ:IQ
by EqualOcean